Recent data has increased our confidence that inflation will continue to move toward 2% target: BoC

Etienne Bordeleau-Labrecque, vice president and portfolio manager at Ninepoint Partners, and Sal Guatieri, senior economist at BMO Capital Markets, joins BNN Bloomberg to discuss the recent BoC rate cut decision.
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[@hersdera]

Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.

[@Hectorkante]

I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what best to invest into.

[@bernadofelix]

Your best option if you are unfamiliar with the markets is to seek advice or help from a consultant or investing coach. I know it sounds simple or generic, but talking to a consultant helped me stay afloat in the market and increase my portfolio to roughly 65% since January. For me, it's the best method to enter the market right now.

[@SandraDave.]

please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@bernadofelix]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@BridgetMiller-]

Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.

[@tito5428]

The canadian government does not incentivise productivity.

[@JS-rg7vo]

we dont need productivity when we can just import a middle class from india

[@carmenlajoie2719]

Zionists don't want productivity, why everyone's joining BRI-BRICS. CGTN The Point-Hub-Heat, Shanghai Eye, RT International-Telasur-Middle East Eye-Aljazeera-TRT World. Reporterfy Media-George Galloway MOATS

[@Marcus-hb9ll]

Yea, we don't need anymore of them, we've took in more than enough.​@@JS-rg7vo

[@luk2k3]

not needed. you sell me your house, I will sell it back to you +10%, then I buy it back for +10%. raise and repeat.

[@speedyfeint]

@@luk2k3 rinse*

[@_maze_4733]

Clearly robing people all over Canada

[@jeremyfitzpatrick7772]

We all know it's false. Inflation is at least twice as high as reported. They changed how they measure Inflation. Just look at food prices

[@FewNewReasonss]

It's because not everything seems to be classified as inflation Meat prices are still triple what they were a few years ago here.

[@melkert81]

Certain things are double or triple, but most things are close to the way it was. As an example, you need to buy ground beef in bulk to get that 5 dollars a pound ( in canada). Otherwise, the per pound packages are like 7-8 and its less than a pound lol

[@prashanthkandi4094]

If you compare the prices with before pandemic, it seems high. Inflation is based on last year prices. Prices were not cheap this last year too,

[@DistractionPicklesEveryWhere]

Not to mention we are paying more for less. ​@@prashanthkandi4094

[@stephenr6194]

Cherry picking products and services to lower the real inflation date now peoples are suffering even more!

[@tommysong8463]

Government spending and carbon tax is now the main driver for inflation. Canada economy is doomed.

[@user72974]

Source?

[@agodelianshock9422]

@@user72974 Common sense is the source. The interest we pay on our debt is a flat% just erased from the entire economy. The carbon tax is also a flat% removed from the private sector and put into the public sector where it will likely end up servicing debt or going to wasteful projects in other countries. So add those 2 flat% together and we could drop inflation by that amount. We'll call it 30% for argument sake, a completely hypothetical number just as a placeholder value. We could drop the rate of inflation by that placeholder 30% without that money disappearing from our economy.

[@morganhall165]

​@user72974 read the book how to survive hyperinflation

[@aaronwang8237]

The egg and milk price are rising more than 50% in these two years and have no sign that the price is going to drop. Then they are telling us the inflation is going to fall back to 2%. This government is run by all idolts. 😂

[@audittheauditors]

You don't know the difference between a price increase and inflation.

[@agodelianshock9422]

@@audittheauditors Inflation is essentially the average of all price increases. This one example can be extrapolated across many products and services with similar price hikes. So yes, he does the know the difference. It is implied.

[@audittheauditors]

@@agodelianshock9422 seems like you don't know what inflation is either. If prices quadrupled a year ago and remained unchanged or moved up slightly since then, then inflation is 0. Yes the price is 400% up from 2 years ago but the rate of change now is 0. This is a dumbed down, simplict example before you analyze this as being literal.

[@Green__one]

​@@audittheauditorsno, it's clear that you're the one that doesn't understand inflation. Everyone else here is comparing numbers to last year, you're trying to pretend that inflation was zero this past year, we all know that's not true. If you actually understood inflation, you would understand the game that the bank of Canada is playing here, they've chosen to stop looking at real inflation numbers, and instead pick what they call core inflation. Core inflation is a very convenient one, because it excludes everything that actually inflates, and also everything that we use the most. Core inflation strips out food and energy which conveniently tend to be the things that go up the fastest, and that make up a major portion of everyone's budget. As soon as you strip those out, sure inflation doesn't look so bad, but it also is completely divorced from reality.

[@dany1846]

⁠@@Green__onenope, @audittheauditors is actually right in his assessment. Inflation is a rate of change measure, not the price level. It is wrong to expect “falling prices” or more appropriately called deflation as a target for the BoC to try to get to when making decisions. You are right about core inflation excluding some items but “Headline inflation” does include the components of energy and food that core excludes. Having different inflation metrics helps researchers to understand where the inflation is coming from to hopefully lead to better decision making.

[@shem4753]

And unemployment in canada increasing like crazzy cause of an immigration influx.

[@morleycross1980]

😂

[@blitzkrieg2682]

Legit. Stop this scam of an immigration policy, scamming everyone involved.

[@endlessorbaggins8223]

Yeah just saw in press data showing that unemployment of immigrant that are here since lees than 5 years has grown to 12.5%. The economy is not generating much new jobs so new immigrants have harder time finding a job and it increase the unemployment rate overall.

[@agodelianshock9422]

I just think its ridiculous that instead of powering through the last of the inflation from the lockdowns we instead decided to add ANOTHER crisis in the form of jacking up interest on all the debt we took during them. So now we have effectively negative growth and defaults in the period when we were supposed to be recovering. The hard part was over, inflation was coming down before we raised the rates, I just can't fathom why we introduced this new obstacle in the 11th hour.

[@XReal0101]

What ever they say the opposite happens expect a full economic collapse in 2025-2026

[@dougiep2769]

They are liars

[@Pat_laura22]

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

[@ThompsonWhite-h6]

Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.

[@Millerj2450]

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst

[@lunaezj-e9b]

Could you possibly recommend a CFA you've consulted with?

[@Millerj2450]

My CFA “Iynne Marie Stella” , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@Anderson_313]

Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.

[@rajgupta3802]

GREAT NEWS.....MUST BRING BACK TO 3% FASTER.....

[@tigalbaby]

The cut was certainly supported by the data . But what is now the equilibrium policy rate ? .. the rate at which both inflation and unemployment is stable. If it’s 4% then there are a couple of cuts to come . Good news for savers as GIC rates may stabilize at around 4. 25% . But mortgage rates may remain at 6% for the medium term .

[@argeldelacruz9545]

Keep it up everyone! Don’t buy anything till we love the price.

[@dougiep2769]

I just had a TD bank draft get bounced..so TD bank isn't even covering their cheques now

[@tomtom5.9]

2 drinks 2 chocolate bars and a bag of chips 20 bucks, feels rough for kids getting a snack, 30-40 bucks for 2 burger meals yikes

[@DJRS2178]

Recession has started.

[@chillguy9971]

Dear Jesus you mean we haven't been in one for the last 4 years?😂😭

[@blitzkrieg2682]

Immigration kept the economy stay afloat. Now with much needed tightening of immigration policy, the economy will nosedive by the end of the year. 2025 is going to be super hard.

[@stephenr6194]

At least 1.5 million dollars for a small townhouse that’s the shelter cost..lowering the rate won’t bring down the housing prices!

[@Green__one]

Amazing how it constantly changes depending on what they want it to be rather than what it really is. They have a so many different measures of inflation that they just pick the one that they want. In this case they're talking core inflation which is the one they use when they want inflation to look low because it strips out all the things that inflate a lot, things like food and energy, because no one actually needs to use either of those things.

[@Lifeisapartydresslikeit]

Bank of Canada cuts key interest rate to 4.5% with hints of more to come!! YES!

[@michaelgaudin2989]

Amazing Trudeau goes on vacation and rates drop...LOL

[@Deges20]

once the interest is at 4% then they will say inflation getting high and that’s that , primary concern BOC is controlling inflation

[@SW-li7gd]

We need a new government that do not throw good tax dollars away.

[@terrycoles49]

The reason they lower the rate is because to many people are losing their homes and the don’t what a rebellion

[@tyguy104]

That's good, if they think that it's that much of a potential issue. That's good. For all I know, could've prevented a recession

[@stevemc1790]

If Canada s tax payer financed health care make Canada attractive to foreign investment...why do the conservatives want to dismantle it?

[@insanegixxerdude486]

Big mistake! But it’s all by design. Buckle up butter cups. There goes the $. If inflation is coming down as they say then that means the economy is doing fine and can support 5% or higher rates? People ,they only cut rates just before shit hits the fan!

[@dougiep2769]

Canadian economy is destroyed.. like I said I just had a TD bank draft get bounced

[@suoilobos3492]

Why did it bounce? In correct signature or nsf?

[@dougiep2769]

@@suoilobos3492 I can presume because the TD couldn't cover the funds in the account. so they made an excuse it was out dated..bank drafts never go out dated.. as we have seen in the news TD is being rin by very bad people working criminals money laundering. Probably had to steal my money to pay the billion and billions of fines they face stateside

[@dougiep2769]

@@suoilobos3492 no signature on drafts. No expiry on drafts. I could imagine they don't have the money or are being told not to let me move my account

[@dougiep2769]

@@suoilobos3492 you remember the truckers right... police in Canada as we all saw go after Canadians that care about Canada and speak up...I can't believe anyone helps or speaks to them now

[@JessT-vg7ib]

All we need to do is devalue our currency, increase exports and immigration, and a higher carbon tax.

[@ougmass]

Actually we do not need a Central Bank to disturb the financial market by artificial open market policy that is off the mark more often, causing financial inflation, thus, adding to price inflation, which adds more hardship on Canadian purchase power, the loss of their home equity, or homes, the loss of Canadian jobs, investment and growth. Inflation had an important component which is the supply disruption, and weaponising of the economy for political and military war. The BoC., has no jurisdiction over supply. The offer or demand will be dying as the prices continue rising until the cut off point, where suppliers will be forced to reduce prices.

[@dev4statingx90]

Pffff...should have held at 5%

[@ThugLife___]

Ok boomer

[@flatderp]

Pffft 😏….I bet your parents change the subject when people mention you.

[@dev4statingx90]

@@flatderp hahahaha that's a good one. I'll have to use that

[@ironmantran]

So, . . . nothing really happens.

[@morganhall165]

Quit printing money